Buying off the plans driving down KiwiBuild cost to govt: HYEFU

Thu, 13 Dec 2018

By Pattrick Smellie Dec. 13 (BusinessDesk) - Government capital spending on the KiwiBuild programme will be lower than anticipated as more of the affordable homes are expected to be provided through buying and selling privately developed houses. The changed expectation will contribute to an improvement in the government’s cash position by about $1 billion against previous forecasts, the Treasury’s half-year fiscal and economic update, published today, says. “A larger portion of the houses to be delivered under the KiwiBuild programme d...

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